In 2017, crypto projects would choose between network effects of Ethereum and the scalability of EOS. Fast forward to 2019 and there is a multitude of ways to build and deploy DApps, lending protocols, and smart contracts. The number of blockchain-based smart contracts has increased and in this article, we’ll explore the top 5 smart contract platforms of 2019.
Matic is a smart contract development platform that became popular after its IEO on Binance Launchpad. Matic is a layer two scaling solution, which utilizes side chains bolstered by the security of the Plasma framework, and it seeks to address common scalability and usability issues, without compromising on decentralization. Matic is a well-funded competitor to other smart contract platforms. Coupled with a full SDK with WalletConnect support, and tools to abstract away much of the complexity, Matic can be used to build killer DApps. Matic’s ultimate goal is to provide solutions for blockchains across the board.
Loom is a smart contract platform focused on overcoming the flaws of the Ethereum network. It operates as a layer two on the Ethereum Network, with a delegated proof of stake (DPoS) powering its own high throughput DApp network. It has witnessed significant success in luring projects that wish to overcome Ethereum’s inability to scale, and now boasts DApps such as Neon District, Axie Infinity, and Battle Racers. Loom is now integrated with Tron and EOS. It’s compatible with all ERC20 and ERC721 assets, and it enables Ethereum-based DApps to switch with minimal disruption.
Akin to Loom, RSK is a second layer solution that was created to develop and run smart contracts using the Bitcoin blockchain. These contracts are coded and digitally recorded on-chain in a trustless, autonomous and entirely self-sufficient manner. RSK currently scales up to 100 transactions per second and reduces storage and bandwidth using probabilistic verification and fraud detection techniques. The platform’s native RBTC token, known as Smart Bitcoin, represents BTC on the RSK network, which includes the RSK Infrastructure Framework Open Standard (RIF OS). RSK combines the pros of Bitcoin and Ethereum and presents it as a smart contract platform that’s suited to the needs of consumers and enterprises alike.
This is a relatively new platform launched in early 2019. LiquidApps helps DApp developers externalize the CPU and RAM from the EOS blockchain while enjoying superior functionality at a fraction of the cost. Their latest product offering, LiquidLink, bridges the EOS and Ethereum blockchains, creating a framework for DApps to be launched on both chains simultaneously. Other working products from the rising smart contract specialists include oracles, for querying off-chain data, and Zeus, an SDK for DApp developers that simplifies the creation and deployment process.
Echo is a Bitcoin-based smart contracting solution that seeks to capitalize on the security and network effects of the Bitcoin main chain, leveraging this to create a framework to launch highly decentralized applications. Its leading use case is decentralized finance. Echo’s biggest advantage is that it doesn’t limit developers to a single programming language; a whole bunch is supported including Solidity, C++, Go, Python, and Rust, and smart contracts can be ported over from Ethereum in a matter of minutes.
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